Hyperbot.com is reporting that the Recording Industry Association of America (RIAA) is laying off staffers worldwide. Sources from within puts the amount of individuals laid off at between 90-100 across the US and abroad.
Major labels have been scaling back their contributions to the organization during these tough economic times. Unconfirmed sources say the organization may announce either a merger with another organization or a complete shut down.
If that happens, I’d jump for joy! I may sound hypocritical, but an organization that has done enough to put fear in the hearts of grandparents and 11-year-old’s essentially has no sympathy coming from me.
To be honest, the sooner that organization shuts down, the better!